DoveCorp acquires Cadet Cleaners

PUB. DATE

September 2005

SOURCE

Fabricare Canada;Sep/Oct2005, Vol. 49 Issue 5, p6

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

The article informs that DoveCorp Enterprises Inc., now listed on the TSX Venture Stock Exchange as DOV, has completed a share acquisition of Cadet Cleaners, making it the largest dry cleaner in Canada, with anticipated annual sales of more that $10 million. The Cadet purchase includes four companies that provide retail and commercial dry cleaning for 45 franchised and three corporately owned locations under the name of Cadet Cleaners.

Focuses on the consolidation of Pinstripes Garment Services (PGS) with Liberty Computer-Systems in the United States. Provisions of the agreement; Information on PGS; Integration between the software of Pinstripe and Liberty.

Reports on the aquisition of dry cleaning and laundry tag manufacturer Balako Press Inc. by Cleaner's Supply Inc. in the United States. Discounts on crossover inventory generated by the merger; Percentage of the discount; Service distribution centers of the company.

This article reports that Canadian drycleaning firm DoveCorp Enterprises Inc. has signed many contracts with clients such as a health-management company, York University's convention facility in Toronto, Ontario, and food-service and hospitality clients such as My Apartment. DoveCorp's president...

The article reports on the license agreement between DoveCorp Enterprises Inc. and Wal-Mart Canada to integrate its Cadet Dry Cleaning Franchise into the retail giantï¿½s stores in Canada. A $30,000 franchise fee to DoveCorp for each Wal-Mart location will be paid by the new locations....

The article focuses on the business operations of laundry companies, Reliable Corp. and Dovecorp Enterprises Inc. Reliable developed goods for tailoring and alteration shops but later moved into a new market of products for laundry companies. Dovecorp Enterprises has a major position in the dry...